Five things to know about hospital merger and acquisition activity in the first quarter:
1. There were 13 hospital and health system deals announced in the first quarter of this year, down from 29 deals in the same period a year earlier.
2. The smaller number of transactions in the first quarter of 2021 was offset by a higher number of “mega” transactions in which the smaller partner or seller had average annual revenue of more than $1 billion, according to the report.
3. There were several transactions in the first quarter of this year with seller revenue of $500 million to $1 billion.
4. Average seller size revenue was $676 million in the first quarter of this year, the third-highest quarterly figure for average seller size Kaufman Hall has recorded in the last decade.
5. First-quarter merger and acquisition activity included several significant transactions. Chicago-based CommonSpirit Health announced it plans to sell 14 hospitals to Duluth, Minn.-based Essentia Health.
Read the full Kaufman Hall report here.
More articles on healthcare industry transactions:
WVU Health System grows to 16 hospitals
HCA to buy Tennessee hospital
Trinity buys majority stake in Premier Health
